Mainstream economists say that recessions are unlikely to occur today because prices and wages are highly flexible downward.

Name: Mainstream economists say that recessions are unlikely to occur today because prices and wages are highly flexible downward.
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Mainstream economists recognize that while price and wage flexibility can help adjust the economy, other factors like demand shocks, policy responses, and structural issues can still lead to recessions.

Mainstream Economists Say That Recessions Are Unlikely to Occur Today